Stores closures jumped by 28% in the U.K. in 2024

Featured image of the article Stores closures jumped by 28% in the U.K. in 2024

An article by Morgane Monteiro

Publication

7 January 2025 à 15h51

Updated on 24 July 2025 à 10h37

Reading time

2 minutes

Publication: 7 January 2025 à 15h51, Updated on 24 July 2025 à 10h37

Reading time: 2 minutes

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An article by Morgane Monteiro

Publication

7 January 2025 à 15h51

Updated on 24 July 2025 à 10h37

Reading time

2 minutes

Publication: 7 January 2025 à 15h51, Updated on 24 July 2025 à 10h37

Reading time: 2 minutes

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In 2024, the U.K. reported 13,479 store closures, an increase of 28% in a year, according to the Centre for Retail Research (CRR). These included Boots, Shoe Zone, Homebase and others. While 56% were due to insolvency, 44% were due to cost-cutting measures (rationalisation of a store base). Independent retailers (fewer than 5 stores) accounted for 84.1% of closures. This is 10 percentage points more than in 2023 (up by 45% year-on-year).

To remember: The outlook for 2025 is poor. The CRR...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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